Music Business News: South Korea

Yang most recently served as CEO of AXZ, the Kakao-spun-off company that operates South Korea's Daum portal.

Bloomberg reports that the deal values The Black Label at 1 trillion won (approximately $660M)

Melon will upload congratulatory video messages from artists including NCT Taeyong, Le Sserafim, ALPHA DRIVE ONE, and AND2BLE ahead of the launch.

Seoul police said they would analyze the reasons behind the prosecution's decision before determining their next steps.

YG Plus will continue to handle the domestic distribution of albums and digital music content for HYBE artists including BTS and SEVENTEEN.

BIBI has surpassed one billion streams in the past 12 months and has over 4 million monthly listeners on Spotify.

The following op/ed comes from author and music economist Will Page, and Jeongbeom ‘JB’ Kim, Chief Data Officer at the Korean-based KreatorsNetwork

Three former The Debut: Dream Academy contestants – EMILY, LEXIE, and SAMARA – had previously been confirmed as members of the group.